Buying an AML solution ensures faster deployment, lower risk, and continuous compliance updates, making it the smarter choice for most firms over costly, resource-intensive in-house development. … Read More
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How to get remote identity verification right: A game plan for seamless customer onboarding and AML compliance
Remote verification is key to seamless onboarding and AML compliance. Firms must balance security, compliance, and user experience with tech, fraud detection, and ongoing monitoring to meet regulatory standards and prevent financial crime. … Read More
How poor ID&V processes fail customers – and your business
Efficient ID&V processes are essential for trust, compliance, and customer satisfaction. Outdated methods cause delays, errors, and customer drop-offs, leading to revenue losses. Automated verification tools enhance accuracy, streamline onboarding, and improve compliance while delivering a seamless customer experience. … Read More
Why traditional customer ID verification is broken and how it’s costing your business
Customer identity verification (ID&V) is crucial for compliance and fraud prevention, yet outdated processes drive customer abandonment, rising costs, and fraud risks. Embracing streamlined digital tools improves security, compliance, and user experience. … Read More
Remote director verification for KYB: What compliance teams need to know
Director verification is crucial for Know Your Business (KYB) compliance. Remote verification tools improve accuracy, prevent fraud, and streamline the process, helping firms meet regulatory requirements and reduce financial crime risks. … Read More
Modern tools and strategies helping companies identify UBOs in complex corporate structures
Identifying Ultimate Beneficial Owners (UBOs) is challenging due to complex corporate structures. Modern tools like RegTech, global databases, and automated mapping help firms meet regulatory requirements and reduce financial crime risks. … Read More
The top 10 indicators of potential hidden ownership and how to address them
Hidden ownership structures pose compliance risks; identifying red flags like complex structures, false documents, and offshore ties ensures regulatory adherence. … Read More
NorthRow partners with IDVerse
NorthRow partners with IDVerse to streamline onboarding and compliance with advanced AI-powered identity verification … Read More
3 ways complex corporate structures are used to obscure true ownership
Understanding Ultimate Beneficial Ownership (UBO) is increasingly complex due to sophisticated corporate structures and global jurisdictions. This article explores key tactics used to obscure ownership and offers strategies for uncovering true control. … Read More
What happens when UBOs aren’t identified? The real-world consequences and how you can safeguard your business
For firms across the UK’s regulated industries, the stakes are higher than ever. With stringent AML requirements and increasing scrutiny from regulators, the failure to correctly identify UBOs exposes companies to significant financial, legal, and reputational risks. … Read More